{
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\begin{tabular}{l*{8}{c}}
\hline\hline
                    &\multicolumn{1}{c}{(1)}         &\multicolumn{1}{c}{(2)}         &\multicolumn{1}{c}{(3)}         &\multicolumn{1}{c}{(4)}         &            &\multicolumn{1}{c}{(5)}         &\multicolumn{1}{c}{(6)}         &\multicolumn{1}{c}{(7)}         &\multicolumn{1}{c}{(8)}         \\
                    &      ind1\_g         &      ind2\_g         &      ind3\_g         &      ind4\_g         &            &      ind1\_l         &      ind2\_l         &      ind3\_l         &      ind4\_l         \\
\hline
apremium            &                     &                     &                     &                     &            &                     &                     &                     &                     \\
female              &       0.010\sym{**} &       0.008\sym{*}  &       0.020\sym{**} &       0.021\sym{***}&            &      -0.005         &      -0.004         &       0.015         &       0.013         \\
                    &     (0.004)         &     (0.005)         &     (0.008)         &     (0.008)         &            &     (0.005)         &     (0.004)         &     (0.011)         &     (0.010)         \\
Standardized values of (age)     &       0.003         &       0.003         &       0.005         &       0.006         &            &       0.005         &       0.005         &       0.007         &       0.008         \\
                    &     (0.004)         &     (0.004)         &     (0.008)         &     (0.007)         &            &     (0.004)         &     (0.004)         &     (0.006)         &     (0.005)         \\
Standardized values of (gpa)     &       0.002         &       0.002         &       0.001         &       0.001         &            &      -0.008\sym{***}&      -0.008\sym{***}&      -0.009\sym{**} &      -0.009\sym{**} \\
                    &     (0.002)         &     (0.002)         &     (0.004)         &     (0.004)         &            &     (0.002)         &     (0.002)         &     (0.004)         &     (0.004)         \\
math                &       0.004         &       0.004         &      -0.014         &      -0.012         &            &       0.001         &       0.001         &      -0.016         &      -0.018         \\
                    &     (0.010)         &     (0.011)         &     (0.013)         &     (0.014)         &            &     (0.008)         &     (0.008)         &     (0.015)         &     (0.014)         \\
natural             &      -0.010         &      -0.010         &       0.014         &       0.013         &            &       0.015         &       0.015         &       0.053\sym{*}  &       0.048\sym{*}  \\
                    &     (0.008)         &     (0.008)         &     (0.016)         &     (0.016)         &            &     (0.011)         &     (0.011)         &     (0.027)         &     (0.025)         \\
medicine            &       0.019\sym{*}  &       0.019\sym{*}  &      -0.041\sym{**} &      -0.041\sym{**} &            &       0.002         &       0.003         &      -0.016         &      -0.017         \\
                    &     (0.012)         &     (0.011)         &     (0.020)         &     (0.020)         &            &     (0.013)         &     (0.013)         &     (0.042)         &     (0.042)         \\
social              &      -0.010         &      -0.011         &       0.008         &       0.007         &            &       0.010         &       0.011         &       0.027         &       0.025         \\
                    &     (0.009)         &     (0.010)         &     (0.020)         &     (0.020)         &            &     (0.010)         &     (0.010)         &     (0.020)         &     (0.020)         \\
humanities          &      -0.006         &      -0.007         &       0.013         &       0.013         &            &      -0.011         &      -0.011         &       0.007         &       0.003         \\
                    &     (0.012)         &     (0.012)         &     (0.027)         &     (0.027)         &            &     (0.018)         &     (0.019)         &     (0.022)         &     (0.021)         \\
arts                &      -0.028\sym{**} &      -0.027\sym{**} &       0.033\sym{*}  &       0.041\sym{*}  &            &       0.002         &       0.002         &       0.056\sym{**} &       0.044\sym{**} \\
                    &     (0.013)         &     (0.013)         &     (0.019)         &     (0.021)         &            &     (0.019)         &     (0.019)         &     (0.022)         &     (0.022)         \\
study\_other         &      -0.014\sym{*}  &      -0.014\sym{*}  &      -0.016\sym{*}  &      -0.016\sym{*}  &            &       0.001         &       0.002         &       0.003         &       0.001         \\
                    &     (0.008)         &     (0.008)         &     (0.008)         &     (0.008)         &            &     (0.008)         &     (0.008)         &     (0.007)         &     (0.007)         \\
probability         &       0.100\sym{***}&                     &                     &                     &            &       0.087\sym{***}&       0.087\sym{***}&                     &                     \\
                    &     (0.020)         &                     &                     &                     &            &     (0.017)         &     (0.017)         &                     &                     \\
over\_05             &       0.040\sym{***}&       0.040\sym{***}&       0.040\sym{***}&       0.040\sym{***}&            &       0.005         &       0.005         &       0.005         &       0.005         \\
                    &     (0.008)         &     (0.008)         &     (0.008)         &     (0.008)         &            &     (0.008)         &     (0.008)         &     (0.008)         &     (0.008)         \\
power\_norm          &                     &      -0.001         &      -0.001         &      -0.001         &            &                     &       0.001         &       0.003\sym{*}  &       0.003\sym{*}  \\
                    &                     &     (0.001)         &     (0.002)         &     (0.002)         &            &                     &     (0.001)         &     (0.001)         &     (0.001)         \\
individualism\_norm  &                     &       0.001\sym{*}  &       0.000         &       0.000         &            &                     &       0.000         &       0.001         &       0.001         \\
                    &                     &     (0.001)         &     (0.001)         &     (0.001)         &            &                     &     (0.001)         &     (0.002)         &     (0.002)         \\
avoidance\_norm      &                     &      -0.000         &       0.002\sym{*}  &       0.002\sym{*}  &            &                     &       0.000         &       0.002         &       0.003         \\
                    &                     &     (0.001)         &     (0.001)         &     (0.001)         &            &                     &     (0.001)         &     (0.002)         &     (0.002)         \\
masculinity\_norm    &                     &      -0.000         &       0.005\sym{***}&       0.005\sym{***}&            &                     &       0.000         &       0.001         &       0.001         \\
                    &                     &     (0.001)         &     (0.001)         &     (0.001)         &            &                     &     (0.001)         &     (0.001)         &     (0.001)         \\
prob\_cent           &                     &       0.100\sym{***}&       0.107\sym{***}&       0.107\sym{***}&            &                     &                     &       0.108\sym{***}&       0.108\sym{***}\\
                    &                     &     (0.020)         &     (0.021)         &     (0.021)         &            &                     &                     &     (0.020)         &     (0.020)         \\
female\_prob         &                     &                     &      -0.024         &      -0.023         &            &                     &                     &      -0.038\sym{**} &      -0.038\sym{**} \\
                    &                     &                     &     (0.017)         &     (0.017)         &            &                     &                     &     (0.017)         &     (0.017)         \\
age\_prob            &                     &                     &      -0.003         &      -0.003         &            &                     &                     &      -0.003         &      -0.003         \\
                    &                     &                     &     (0.012)         &     (0.012)         &            &                     &                     &     (0.008)         &     (0.008)         \\
gpa\_prob            &                     &                     &       0.002         &       0.002         &            &                     &                     &       0.003         &       0.003         \\
                    &                     &                     &     (0.008)         &     (0.008)         &            &                     &                     &     (0.009)         &     (0.009)         \\
math\_prob           &                     &                     &       0.037         &       0.038         &            &                     &                     &       0.032         &       0.032         \\
                    &                     &                     &     (0.029)         &     (0.029)         &            &                     &                     &     (0.024)         &     (0.024)         \\
natural\_prob        &                     &                     &      -0.047\sym{*}  &      -0.047\sym{*}  &            &                     &                     &      -0.076         &      -0.077         \\
                    &                     &                     &     (0.026)         &     (0.026)         &            &                     &                     &     (0.048)         &     (0.048)         \\
medicine\_prob       &                     &                     &       0.121\sym{***}&       0.121\sym{***}&            &                     &                     &       0.038         &       0.038         \\
                    &                     &                     &     (0.045)         &     (0.045)         &            &                     &                     &     (0.063)         &     (0.063)         \\
social\_prob         &                     &                     &      -0.039         &      -0.039         &            &                     &                     &      -0.032         &      -0.032         \\
                    &                     &                     &     (0.031)         &     (0.031)         &            &                     &                     &     (0.039)         &     (0.039)         \\
humanities\_prob     &                     &                     &      -0.040         &      -0.040         &            &                     &                     &      -0.036         &      -0.036         \\
                    &                     &                     &     (0.051)         &     (0.051)         &            &                     &                     &     (0.035)         &     (0.035)         \\
arts\_prob           &                     &                     &      -0.121\sym{***}&      -0.121\sym{***}&            &                     &                     &      -0.108\sym{***}&      -0.108\sym{***}\\
                    &                     &                     &     (0.041)         &     (0.041)         &            &                     &                     &     (0.031)         &     (0.031)         \\
other\_prob          &                     &                     &       0.255\sym{***}&       0.270\sym{***}&            &                     &                     &      -0.176\sym{***}&      -0.181\sym{***}\\
                    &                     &                     &     (0.015)         &     (0.014)         &            &                     &                     &     (0.010)         &     (0.009)         \\
power\_prob          &                     &                     &      -0.000         &      -0.000         &            &                     &                     &      -0.004\sym{*}  &      -0.004\sym{*}  \\
                    &                     &                     &     (0.004)         &     (0.004)         &            &                     &                     &     (0.002)         &     (0.002)         \\
avoid\_prob          &                     &                     &      -0.005         &      -0.005         &            &                     &                     &      -0.005         &      -0.005         \\
                    &                     &                     &     (0.003)         &     (0.003)         &            &                     &                     &     (0.003)         &     (0.003)         \\
ind\_prob            &                     &                     &       0.002         &       0.002         &            &                     &                     &      -0.001         &      -0.001         \\
                    &                     &                     &     (0.002)         &     (0.002)         &            &                     &                     &     (0.003)         &     (0.003)         \\
masc\_prob           &                     &                     &      -0.010\sym{***}&      -0.010\sym{***}&            &                     &                     &      -0.002         &      -0.002         \\
                    &                     &                     &     (0.003)         &     (0.003)         &            &                     &                     &     (0.002)         &     (0.002)         \\
Constant            &       0.012         &       0.061\sym{***}&       0.061\sym{***}&       0.061\sym{***}&            &      -0.079\sym{***}&      -0.079\sym{***}&      -0.036\sym{***}&      -0.032\sym{***}\\
                    &     (0.008)         &     (0.007)         &     (0.007)         &     (0.008)         &            &     (0.010)         &     (0.009)         &     (0.006)         &     (0.006)         \\
\hline
lns1\_1\_1            &                     &                     &                     &                     &            &                     &                     &                     &                     \\
Constant            &       0.000\sym{***}&       0.000\sym{***}&       0.000\sym{***}&       0.000\sym{***}&            &       0.000\sym{***}&       0.000\sym{***}&       0.000\sym{***}&       0.000\sym{***}\\
                    &     (0.000)         &     (0.000)         &     (0.000)         &     (0.000)         &            &     (0.000)         &     (0.000)         &     (0.000)         &     (0.000)         \\
\hline
lns2\_1\_1            &                     &                     &                     &                     &            &                     &                     &                     &                     \\
Constant            &       0.008\sym{***}&       0.008\sym{***}&       0.008\sym{***}&       0.008\sym{***}&            &       0.008\sym{***}&       0.008\sym{***}&       0.008\sym{***}&       0.007\sym{***}\\
                    &     (0.000)         &     (0.000)         &     (0.000)         &     (0.000)         &            &     (0.000)         &     (0.000)         &     (0.000)         &     (0.000)         \\
\hline
lnsig\_e             &                     &                     &                     &                     &            &                     &                     &                     &                     \\
Constant            &       0.041\sym{***}&       0.041\sym{***}&       0.040\sym{***}&       0.040\sym{***}&            &       0.043\sym{***}&       0.043\sym{***}&       0.043\sym{***}&       0.043\sym{***}\\
                    &     (0.004)         &     (0.004)         &     (0.004)         &     (0.004)         &            &     (0.004)         &     (0.004)         &     (0.004)         &     (0.004)         \\
\hline
lns1\_1\_2            &                     &                     &                     &                     &            &                     &                     &                     &                     \\
Constant            &                     &                     &                     &       0.001\sym{***}&            &                     &                     &                     &       0.000\sym{***}\\
                    &                     &                     &                     &     (0.000)         &            &                     &                     &                     &     (0.000)         \\
\hline
lns1\_1\_3            &                     &                     &                     &                     &            &                     &                     &                     &                     \\
Constant            &                     &                     &                     &       0.000\sym{***}&            &                     &                     &                     &       0.003\sym{***}\\
                    &                     &                     &                     &     (0.000)         &            &                     &                     &                     &     (0.001)         \\
\hline
lns1\_1\_4            &                     &                     &                     &                     &            &                     &                     &                     &                     \\
Constant            &                     &                     &                     &       0.001         &            &                     &                     &                     &       0.001\sym{***}\\
                    &                     &                     &                     &     (0.002)         &            &                     &                     &                     &     (0.000)         \\
\hline
lns1\_1\_5            &                     &                     &                     &                     &            &                     &                     &                     &                     \\
Constant            &                     &                     &                     &       0.000\sym{***}&            &                     &                     &                     &       0.000\sym{***}\\
                    &                     &                     &                     &     (0.000)         &            &                     &                     &                     &     (0.000)         \\
\hline
Observations        &       17629         &       17629         &       17629         &       17629         &            &       17605         &       17605         &       17605         &       17605         \\
N\_clust             &      30.000         &      30.000         &      30.000         &      30.000         &            &      30.000         &      30.000         &      30.000         &      30.000         \\
ll                  &    1989.434         &    1991.725         &    2051.410         &    2057.241         &            &    1568.462         &    1568.961         &    1602.948         &    1612.540         \\
\hline\hline
\multicolumn{10}{l}{\footnotesize Standard errors in parentheses}\\
\multicolumn{10}{l}{\footnotesize \sym{*} \(p<0.10\), \sym{**} \(p<0.05\), \sym{***} \(p<0.01\)}\\
\end{tabular}
}
